Imperial Brands (IMB) Given a GBX 2,920 Price Target by Goldman Sachs Group Analysts
IMB has been the subject of a number of other reports. Liberum Capital restated a buy rating on shares of Imperial Brands in a research note on Thursday, June 28th. Royal Bank of Canada cut Imperial Brands to a sector performer rating and lowered their price objective for the company from GBX 3,400 ($43.86) to GBX 2,800 ($36.12) in a research report on Friday, May 25th. Barclays reaffirmed an overweight rating and set a GBX 3,350 ($43.21) price objective on shares of Imperial Brands in a research report on Tuesday, June 12th. Credit Suisse Group reaffirmed an outperform rating on shares of Imperial Brands in a research report on Thursday, August 23rd. Finally, JPMorgan Chase & Co. set a GBX 2,900 ($37.41) price objective on Imperial Brands and gave the company a neutral rating in a research report on Tuesday, July 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. Imperial Brands currently has a consensus rating of Buy and an average target price of GBX 3,445.29 ($44.44).
Imperial Brands stock opened at GBX 2,700.50 ($34.84) on Tuesday. Imperial Brands has a 52-week low of GBX 2,447 ($31.57) and a 52-week high of GBX 3,956.50 ($51.04).
Imperial Brands PLC, together with its subsidiaries, manufactures, markets, and sells tobacco and tobacco-related products. It offers cigarettes, fine cut tobacco, papers, and cigars; smokeless tobacco, including snus; and e-vapour products. The company sells its products under the growth brands, such as Davidoff, Gauloises Blondes, JPS, West, Fine, News, Winston, Bastos, Lambert & Butler, and Parker & Simpson; and specialist brands consisting of blu, Gitanes, Kool, Golden Virginia, Drum, Route 66, Cohiba, Montecristo, Romeo Y Julieta, Backwoods, Skruf, and Rizla in approximately 160 countries worldwide.
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